Price is being traded at the right shoulder of a large head and shoulder pattern. Overall we wish to catch the big downmove but till then we may go long for a 100-150 pips buy trade. Price reached the sliding parallel of an upsloping channel at the level where we do have the median line of a downsloping modified pitchfork. Both lines act as support so considering going long is a nice idea. In such case we may aim for the upper parallel of the red set where any sell setup completion will give us the reason to trade the H&S pattern for a big move to the down